Abundance of natural resources is a necessary but not sufficient ...

[silviawilliams41]

Abundance of natural resources is a necessary but not sufficient condition for economic growth.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the world supply of diamonds increases, the market price of diamonds decreases, and the consumer surplus derived by diamond consumers increases.
 a. True
  b. False
  Indicate whether the statement is true or false

[maya.nigrin17@yahoo.com]

Answer to Question 1

False

Answer to Question 2

True